Here’s what the $10M-$20M investment-sales market looked like last week

Jews for Jesus acquires West Village resi building, Chinese crowdfunding platform iCross Fund buys LIC industrial property

New York /
Sep.September 25, 2018 07:00 AM

45-47 8th Street

In the world of mid-market New York City investment sales last week, religious organization Jews for Jesus acquired a West Village residential building and Chinese crowdfunding platform iCross Fund bought a Long Island City industrial property.

1.) Jews for Jesus bought a five-story apartment building in the West Village for $16 million. The property, at 45-47 8th Street, is a 17,000-square-foot building with 12 apartments, city records show. The seller is landlord Soonbin Kim, who bought the property for $7.2 million in 2007.

2.) Chinese crowdfunding platform iCross Fund bought 28-08 38th Avenue, a three-story industrial building in Long Island City, for $10.3 million. The seller is Munder Realty Corporation. ICross is planning to build condos at the site. Marcus & Millichap’s Jonathan Eshaghian and Jakub Nowak brokered the deal.

3.) Todd Cohen and Terrence Lowenberg’s Icon Realty Management bought a four-story residential property in the East Village for $10.4 million. The property, at 21-23 Avenue B, contains 12 apartments and four commercial units. The seller is 21-23 Ave. B, LLC, which is controlled by Andrew Chang.


Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)
Real estate stocks push up this week as U.S.-China trade tensions ease
Real estate stocks push up this week as U.S.-China trade tensions ease
416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Two penthouse apartments were sold at 150 East 78th Street with the intent of combining them (Compass)
Double penthouse asking $33M is priciest listing snapped up
Double penthouse asking $33M is priciest listing snapped up
Ford estate fetches $105M, a Hamptons “record” but far below ask
Ford estate fetches $105M, a Hamptons “record” but far below ask
Ford estate fetches $105M, a Hamptons “record” but far below ask
Hudson’s Bay Company restructures $846M CMBS loan
Hudson’s Bay Company restructures $846M CMBS loan
Hudson’s Bay Company restructures $846M CMBS loan
Two of the eleven properties under threat of foreclosure (Google Maps)
Mack Real Estate may “strip” club owner of properties
Mack Real Estate may “strip” club owner of properties
HRI founder Aaron Carr and Virginia Attorney General Mark Herring (Facebook, Getty)
Housing Rights probe pins voucher discrimination on VA landlords, brokers
Housing Rights probe pins voucher discrimination on VA landlords, brokers
School and office reopenings led to fewer reservations at the end of summer. (iStock)
Hamptons rental market had strong summer, begins to cool
Hamptons rental market had strong summer, begins to cool
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...